1, TERRY CLOSE, LICHFIELD, WS13 7EJ - £260,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 TERRY CLOSE is a very small extended semi-detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £341,396. It was last sold for £260,000 in August 2020, which was around 12% above the average August 2020 semi-detached price in the Lichfield local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

1 TERRY CLOSE Sold Prices

Land registry data shows two sales for 1 TERRY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Lichfield local authority area for the corresponding sale date. Both of the two 1 TERRY CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 14 AUG	£260,000	£232,194	12% above HPI
2013 29 NOV	£190,000	£170,433	11% above HPI

1 TERRY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lichfield local authority area over time, sourced from the HPI. The two 1 TERRY CLOSE sales from November 2013 and August 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2013 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2020 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 1 TERRY CLOSE be worth now?

1 TERRY CLOSE might now be worth an estimated £341,396.

This is based on house price inflation of 31.3%, between August 2020 and February 2025, for semi-detached houses, in the Lichfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.3% inflationary increase is applied to the most recent sale price for 1 TERRY CLOSE of £260,000 on 14th August 2020. For the value to have increased from £260,000 to £341,396 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 1 TERRY CLOSE has moved in line with the HPI for semi-detached houses in the Lichfield local authority area.
• The August 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 1 TERRY CLOSE has not materially changed since August 2020.

How Large is 1 TERRY CLOSE?

1 TERRY CLOSE is 87m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of semi-detached houses houses in Lichfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lichfield, and where 1 TERRY CLOSE lies on this distribution: 18% of semi-detached houses houses are smaller than 1 TERRY CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

1 TERRY CLOSE: Plot and Title Map

1 TERRY CLOSE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 1 TERRY CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 TERRY CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 TERRY CLOSE?

1 TERRY CLOSE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 1 on TERRY CLOSE.